S2896 — Clarifies how condominium insurance deductibles and unpaid losses are divided between associations and unit owners, require owners to insure units if associations do not, and allow boards to manage and use insurance proceeds for repairs.

S2896 — Clarifies how condominium insurance deductibles and unpaid losses are divided between associations and unit owners, require owners to insure units if associations do not, and allow boards to manage and use insurance proceeds for repairs. · Informed CitizenryThis bill changes the rules for handling insurance costs and repairs in Rhode Island condominiums. It clarifies how insurance deductibles and costs for losses that insurance does not cover are spli…Open in Informed Citizenry